Apple’s supply chain is facing problems due to COVID-19 shortages and the recent lockdown in China of Foxconn’s supplier, which has sent Apple’s stock down about 2% this week. The company is also facing labor unrest at its supplier, Foxconn, which has sent the stock price down about 1%.
This is a significant issue because the iPhone 14 Pro is the most popular model and color in the iPhone line-up. If these shortages continue, it could lead to customers not being able to purchase an iPhone 14 Pro in time for Christmas.” Apple has warned that shipments of its latest iPhones will be delayed after China’s draconian pandemic policies led to significant production cuts at Foxconn’s Zhengzhou factory. If this continues, it could lead to customers not being able to purchase an iPhone 14 Pro in time for Christmas.
According to Ives, Cupertino Wedbush is forecasting that Apple’s iPhone sales will fall by 10% in the fourth quarter of 2018. This is due to the company’s decision to delay production of the iPhone XR and XS Max.
Apple is expecting about 8 million iPhones to be sold over the Black Friday weekend, largely due to these supply issues.
